Originally Posted by
CincoDeMayo
Take the $92m break up fee and then see if the JBLU fails DOJ and they can see if they want to try NK again at that time.
If the NK BOD believed for a second that the DOJ WAS going to block a B6 sale, they’d agree to it, pay F9 the $92m breakup fee, and then more than make it back with the B6 DOJ penalty fee and be $300m ahead of the game.
But the NK BOD excuses aren’t clicking with the shareholders and they are slowly resigning themselves to the fact that those sweetheart deals with F9 are gone for good.